Fears of Mortgage Rate Re-Sets May Fuel LIBOR Manipulation
Oct 24th, 2008 | By Shah Gilani | Category: Financial NewsIt’s panic time for U.S. legislators, regulators, banks and lenders. More than $24 billion worth of adjustable-rate mortgages (ARMs) are expected to “re-set” to higher interest rates in November – boosting the likelihood of further home foreclosures.